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Adidas sales rise 19% in the fourth quarter, beating expectations

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74% Informative

Adidas on Wednesday reported an uptick in fourth-quarter sales that exceeded expectations.

The German sportswear giant recorded a 19% increase revenues at neutral currency rates to 5.97 billion euros ( $6.34 billion ) in the three-month period.

Adidas is attempting to grow its market share in North America amid declining sales at Nike and a broader retailer shift away from an overdependence on a weaker China .

VR Score

83

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87

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English

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55

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